During my second year at law school, I interned with Larsen and Toubro (L&T) at their head office in Mumbai. I had chosen to intern in-house because of two reasons – (a) I get to absorb what really happens in the legal department of a company and, (b) this was different than the quintessential law firms.
On my second day at L&T, I was asked to “review two contracts and incorporate important boilerplate clauses into a new contract.” These were my instructions. I was given no background to the contracts I was about to review, no inputs on what may have been negotiated and agreed upon between parties. In fact, I wasn’t even told what kind of a contract I was to review.
In about thirty minutes, in my inbox were two 300 page contracts titled “Software Subscription License Agreements.” I had a day and 600 pages to go through apart from drafting a new boilerplate contract. As a nineteen-year-old, barely into law school, I only wished Contracts-I taught us how to draft or review contracts.
Four years down the line, fresh out of law school, I was given the responsibility of handling clients on my own and with it came the responsibility of drafting water-tight contracts. The first lesson I learnt while drafting contracts was right here: know the answers to ‘who-what-when-where-why and how’ of the contract. Here is what they refer to:
- Who – Who are the parties to the contract?
- What – What is the contract for?
- When – What’s the duration of the contract?
- Where – Where are the parties located? Where is the contract to be enforced?
- Why – What’s the purpose for which the parties want to enter into a contract?
- How – How is the contract going to work? Deliverables? What’s the quid-pro-quo? What happens if you don’t comply with the contract?
As I write this, I go back two years in my life to recollect every word my boss had then taught me – “use short, to the point sentences, avoids ambiguity.” But, why did my first boss have to teach me how to draft an effective contract? Why didn’t Contracts – I and II cover it back in law school? Why did I not learn it during any of my internships?
I realised I wasn’t the only one facing this issue. Think about it. As a fresher, when you sit for interviews, especially the corporate law firm interviews, why is it that they ask theoretical questions? I remember being once asked “What’s the difference between a guarantee and indemnity?” and not “When do you use guarantee and when do you use the indemnity clause in a contract?”. As a matter of fact, at the end of this interview, it was made certain that corporate law firms invest resources, time and energy in training fresh law graduates for a year and a half to meet industry requirements.
What’s worse? This seems to be the accepted industry norm. They expect law graduates to know where to find the law – that’s their basic requirement. The rest can be learnt and skills acquired over-time, they say.
What if we want to change the mindset? What if we give the legal industry highly trained and qualified individuals who don’t just know where to find the law, but have practical business insights? Would that set you apart from the mediocrity that the industry seems so accepting of? Would you want to be one of those rare, but well-trained employees your company wants to retain?
We at LawSikho came up with a solution to this very problem. The Diploma in Advanced Contract Drafting, Negotiation and Dispute Resolution is the most comprehensive course on contract drafting. With 16 modules in place, after pursuing this course, you can review, draft or negotiate any kind of contract with remarkable ease.
What Is The Course Content?
MODULE #1 ORIENTATION AND TOOLS FOR EFFECTIVE CONTRACT DRAFTING
MODULE #2 CREATION AND EXECUTION OF COMMERCIAL CONTRACTS
MODULE #3 OPERATIVE CLAUSES OF A CONTRACT
MODULE #4 HOW TO DRAFT RISK MITIGATION AND BOILERPLATE CLAUSES
MODULE #5 CONTRACT BREACH AND CONSEQUENCES
MODULE #6 CONTRACT NEGOTIATION
MODULE #7 GENERAL CONTRACTS
MODULE #8 COMMERCIAL AGREEMENTS
MODULE #9 CORPORATE CONTRACTS
MODULE #10 LENDING AND SECURITY DOCUMENTS
MODULE #11 INTELLECTUAL PROPERTY AGREEMENTS
MODULE #12 INTRODUCTION TO TECHNOLOGY CONTRACTS
MODULE #13 COMMON INTERNET AND TECHNOLOGY CONTRACTS
MODULE #14 E-COMMERCE CONTRACTS
MODULE #15 CONTRACT-RELATED DOCUMENTS & POST CONTRACTUAL MATTERS
MODULE #16 DISPUTE RESOLUTION, ENFORCEMENT AND LITIGATION STRATEGY
How Is This Course Any Different? What Will You Learn?
Once you are clear with the basics, a detailed analysis of more than 90 different contracts belonging to 8 different industry sectors or themes has been undertaken, so that you are comfortable with all kinds of contract-drafting work, whether it pertains to general commercial agreements, corporate contracts, technology contracts, IP contracts, etc.
Contract drafting needs to be coupled with dispute resolution and enforcement aspects of contract-related disputes. That will enable you to draft superior contracts and also litigate or arbitrate more effectively.
We realized contract drafting is like karate or learning to play a musical instrument – the more you practice, the better you get. To make sure you’ve really got it, we have created more than 100 micro-exercises, which enable you to form necessary brain and memory patterns to apply the knowledge in real-life solutions. You will know what to do in a situation because you have already dealt with it before.
You will build your muscle by working on smaller problems and then begin to work on more complex and challenging situations.
When you walk into a real-life situation, you will be pleasantly surprised to realize how much of it you have already tackled before through the practice exercises.
Who Can Enroll For This Course?
You can take this course even if you have not studied contract law (or any law for that matter). Businessmen, project management and contract management professionals and other working professionals who regularly need to deal with contracts will also find this course extremely beneficial.
Course Commencement Date: 1st July 2018
Last Date To Enroll For The Course: 30th June 2018
Course Fee: INR 20,000 [Introductory Price – Only Available Till 30th June 2018]
Duration Of The Course: 1 Year
Seats Per Batch: 20 (Limited Seats)
To Enroll For The Course: Click Here.
Do you want to explore how you can use this course to progress in your career?
If you have any question regarding the course, please feel free to get in touch with us. Please email us at [email protected] or schedule a career counseling session by calling 011-39595032.